2 weeks Ago
Shares of Reliance Industries Ltd (RIL) will be in focus on Tuesday, April 15, after the company announced that its step-down wholly owned subsidiary, Nauyaan Tradings Private Limited (NTPL), has completed the acquisition of an additional 10% equity stake in Nauyaan Shipyard Private Limited (NSPL).According to the exchange filing, the acquisition was made for a total consideration of Rs 51.72 crore from Welspun Corp Limited.
“Nauyaan Tradings Private Limited (NTPL), a step-down wholly owned subsidiary of the Company has informed the Company that it has today completed the acquisition of further 10% equity stake in Nauyaan Shipyard Private Limited (NSPL), a step-down subsidiary of the Company for an aggregate consideration of Rs. 51.72 crore from Welspun Corp Limited,” the company said in an exchange filing.
NSPL is also a step-down subsidiary of Reliance Industries. The company had previously disclosed its intent to pursue this acquisition in a communication dated April 10, 2025.Also read: “The crash has arrived”: Rich Dad Poor Dad author Robert Kiyosaki doubles down on gold, silver, Bitcoin strategyRIL share price historyReliance Industries has recorded a 17.
58% decline over the one year, while the year-to-date (YTD) performance shows a 0.19% decline. Over the past 6 months, the stock has seen an 11.
07% decline, and in the three-month period, it has registered a 1.86% decline. For the 1-month duration, the stock has witnessed a 2.
25% decline.On Friday, RIL shares closed nearly 3% higher at Rs 1,220 on the NSE.RIL share price targetThe average target price for RIL shares is Rs 1,553, according to Trendlyne data, with a 1-year upside potential of 27%.
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